Filing guidelines for FATCA

Transcription

1 Filing guidelines for FATCA These guidelines are designed to provide information in relation to FATCA Reporting in Ireland. While every effort is made to ensure that the information given in this guide is accurate, it is not a legal document. Responsibility cannot be accepted for any liability incurred or loss suffered as a consequence of relying on any matter published herein. Last Updated: 28 April

2 Contents: 1. SECTION 1: CUSTOMER REGISTERING FOR FATCA Register a FATCA Reporting Obligation SECTION 2: AGENTS REGISTERING CLIENTS FOR FATCA Registering an existing Client for a FATCA Reporting Obligation Agent linking to existing Tax Registration for Reporting Obligations SECTION 3 CUSTOMER SUBMITTING FATCA RETURNS Customer Submitting Nil FATCA Return Customer Submitting FATCA XML File SECTION 4 AGENT SUBMITTING FATCA RETURNS Agent Submitting Nil FATCA Return Agent Submitting FATCA XML File APPENDIX I ROS REGISTRATION & REPORTING ENTITY REGISTRATION Register for ROS Register as a Reporting Entity APPEXDIX II AGENT CREATING REPORTING ENTITY NUMBER Creating a Reporting Entity as an Agent APPENDIX III SETTING SUB-USER PERMISSIONS ON ROS

3 1. SECTION 1: CUSTOMER REGISTERING FOR FATCA 1.1 Register a FATCA Reporting Obligation This step can only be completed once the Customer is registered for ROS. If the Customer is not registered for ROS, refer to Appendix I, Section 5.1. If the Customer is only being registered with Revenue in order to file a FATCA report to fulfil their FATCA Reporting Obligations (i.e. they do not have a tax liability in Ireland) please refer to Appendix I, Section 5.2 in order to obtain a Reporting Entity Number. For queries relating to registering a Reporting Obligation, please contact Revenue s VIMA (VIES, Intrastat and Mutual Assistance) office: at AEOI_technicalsupport@revenue.ie Telephone at Follow steps to to register a FATCA Reporting Obligation Log into ROS Under the My Services tab, select Manage Reporting Obligations from the list of services on the left-hand side of the screen. 3

4 1.1.3 Select Register opposite FATCA Enter the registration date in the format DD/MM/YYYY (i.e. current date). Enter Global Intermediary Identification Number (GIIN) and click Add To Your Requests. Note: The date entered must not be later than current date. 4

5 1.1.5 The registration request will be added to Your Requests on the right-hand side of the screen. Click Submit Click Sign and Submit. 5

6 1.1.7 The Customer will be redirected to the Sign & Submit screen. Enter the ROS Password and click Sign and Submit The Customer will receive a ROS Acknowledgement and a Notice Number, which the Customer may wish to print for their records. Click OK. 6

7 1.1.9 The Customer will receive a new notification in their Revenue Record to confirm the Customer has been registered for a FATCA Reporting Obligation. Click on the Notice Number for confirmation of the registration The following notice will appear which the Customer may wish to print for their records. AFTER COMPLETION OF THIS PROCESS, THE CUSTOMER SHOULD ALLOW UP TO 3 WORKING DAYS FOR THE FATCA REPORTING OBLIGATION TO BE REGISTERED. 7

8 2. SECTION 2: AGENTS REGISTERING CLIENTS FOR FATCA This section is only relevant where the user of the system is an Agent. If the user of the system is a Customer, please refer to Section 1 above. 2.1 Registering an existing Client for a FATCA Reporting Obligation To link to an existing Tax Registration or Reporting Entity for whom you are not current Agents, please refer to Section Agent linking to new Customers/Clients for Reporting Obligations For queries relating to registering a Reporting Obligation, please contact Revenue s VIMA (VIES, Intrastat and Mutual Assistance) office: at AEOI_technicalsupport@revenue.ie Telephone at Follow steps to to register a FATCA Reporting Obligation Log into ROS Under the Agent Services tab, locate the Customer using Client Search or Client List. Agent will be redirected to the Client Services tab for the relevant Customer. 8

9 2.1.3 Select Manage Reporting Obligations from the list of services on the left-hand side of the screen Click Select Action opposite FATCA. 9

10 2.1.5 Select Add and link to a new registration. This option is applicable to an Agent wishing to link to a current Customer/Client to manage a FATCA Reporting Obligation The following screen will appear. Select Confirm. 10

11 2.1.7 Enter the registration date in the format DD/MM/YYYY (i.e. current date). Enter Global Intermediary Identification Number (GIIN), click Add To Your Requests The registration request will be added to Your Requests on the right-hand side of the screen. Click Submit. 11

12 2.1.9 Select Generate Client Consent Letter this will generate a Consent letter in respect of the registrations input for your client. This will be generated in PDF format. (This option is not mandatory; a standard Agent Link Notification Form may be uploaded at the next stage). This document opens in a separate browser for editing and saving to the Agent network/drive. 12

13 Once completed, click Next To upload the completed Agent Link Notification Form on ROS, click Choose file and locate the completed Agent Link Notification Form in the Agent network/drive. Tick the box FATCA and click Add Attachment. ** Standard Agent link notification may also be uploaded** 13

14 Click Sign and Submit The Agent will be redirected to the Sign & Submit screen. Enter the ROS Password and click Sign and Submit. 14

15 The Agent will receive a ROS Acknowledgement and a Notice Number which the Agent may wish to print for its records. Click OK The Agent will receive a new notification in the Client s Revenue Record to confirm the Customer has been registered for a FATCA Reporting Obligation. Click on the Notice Number for confirmation of the registration. 15

16 The following notice will appear which the Agent may wish to print for their records. AFTER COMPLETION OF THIS PROCESS, THE AGENT SHOULD ALLOW UP TO 3 WORKING DAYS FOR THE FATCA REPORTING OBLIGATION TO BE REGISTERED. 16

17 2.2 Agent linking to new Customers/Clients for Reporting Obligations This section is to be used by Agents who wish to link to a Customer/Client to whom they are not already linked on ROS to carry out FATCA Reporting Obligations. Please note that in the example below, the Customer/Client is already registered on ROS for the FATCA Reporting Obligation. If an Agent wishes to link to a Customer/Client and the Customer/Client is not already registered for the FATCA Reporting Obligation, please refer to Section Agent logs onto ROS, access Agent Services Go to section Manage Tax Registrations. 17

18 2.2.3 If an Agent wishes to register an existing Tax Registration for a Reporting Obligation, select Tax Registrations radio button, followed by Tax Type (choose existing tax type for Company), enter the Tax Registration Number, along with the Name and select Manage Reporting Obligations from the drop-down menu. To complete this step, Click Manage Alternatively, if the Agent wishes to register an existing Reporting Entity for a Reporting Obligation, select the Reporting Obligations radio button, followed by the Reporting Obligation Type, enter the Registration Number, followed by the Name, and then select Manage Reporting Obligations from the drop-down menu. To complete this step, Click Manage. 18

19 2.2.5 Under Registration Options, click Select Action and Link only to an existing registration. This option is applicable to an Agent wishing to link to a Customer/Client they are not currently linked to on ROS in order to manage a FATCA Reporting Obligation Click Confirm. 19

20 2.2.7 Click Submit Click Generate Client Consent Letter, this action generates a letter for signing. Download and save for editing. (This option is not mandatory; a standard Agent Link Notification Form may be uploaded at the next stage). Once completed click Next. 20

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22 2.2.9 Select Choose File and upload the letter generated (or Agent Link Notification Form). Tick FATCA and click Add Attachment Click Sign and Submit. 22

23 The Agent will be redirected to the Sign & Submit screen. Enter the ROS Password and click Sign and Submit Allow up to 3 working days to update on ROS. 23

24 The Agent will receive a new notification in the Revenue Record to confirm the Agent link. Click on the Notice Number for confirmation of the registration The following notice will appear which the Agent may wish to print for their records. AFTER COMPLETION OF THIS PROCESS, THE AGENT SHOULD ALLOW UP TO 3 WORKING DAYS TO UPDATE. 24

25 3. SECTION 3 CUSTOMER SUBMITTING FATCA RETURNS The following section details how Customers upload FATCA returns on ROS. Section 3.1 details uploading Nil FATCA returns, Section 3.2 details uploading XML files. XML Nil Returns may also be uploaded. Please refer to FATCA XML Schema (V2.0) and user guide available on: Customer Submitting Nil FATCA Return Customer logs on to ROS, under Upload Form(s) Completed Off-Line select FATCA from the drop-down list. Click Upload Return. 25

26 The ROS upload screen is then presented to the user. If the user wishes to make an election under Regulation 6(2) of the Financial Accounts Reporting Regulations 2014, they should ensure that the check box at the top of the screen is selected. 1 This checkbox is also relevant for selection of the Nil return option Tick election box if applicable. Click Submit Nil Return. 1 Further information on the relevant thresholds that can be applied in respect of FATCA are set out in the FATCA guidance notes 26

27 3.1.3 Information for the nil return will be auto generated from registration as shown below. Select Address CountryCode from the drop down list. (This is a mandatory field). Tick I wish to submit a nil-return based on the above details. Click Submit. 27

28 3.1.4 Enter Password, click Sign and Submit The following confirmation screen is shown. Click Go to ROS to return to Revenue Record. 28

29 3.1.6 The Customer will receive a new notification in the Revenue Record to confirm they have submitted a FATCA Nil Return. Click on the Notice Number for confirmation of the Nil Return submitted. 29

30 3.1.7 Click Close to return to Revenue Record. 30

31 3.2 Customer Submitting FATCA XML File 2 For efficient processing FATCA XML files should have a file size of 10MB per submission with a maximum file size of 30MB. A file size of greater than 30MB will be rejected by ROS Customer logs on to ROS, under Upload Form(s) Completed Off-Line select FATCA from the drop-down list. Click Upload Return. 2 Further information on the FATCA Schema V 2.0 may be found at 31

32 The ROS upload screen is then presented to the user. If the user wishes to make an election under Regulation 6(2) of the Financial Accounts Reporting Regulations 2014, they should ensure that the check box at the top of the screen is selected. 3 This checkbox is also relevant for the selection of the Nil return option Tick election box if applicable. Click Add File, select file from computer storage. Enter ROS password and click Upload File. 3 Further information on the relevant thresholds that can be applied in respect of FATCA are set out in the FATCA guidance notes 32

33 3.2.3 The following confirmation screen appears. Click Finished. The Customer is directed back to My Services page The Customer will receive a new notification in the Revenue Record to confirm the successful file submission. Click on the Notice Number for confirmation of the file upload. 33

34 3.2.5 Click Close to exit and return to Revenue Record screen ROS uses real time validation, files are validated at upload and are reflected on screen. Click Upload more files to select an XML file or Finished to return to My Services. 34

35 4. SECTION 4 AGENT SUBMITTING FATCA RETURNS The following section details how Agents upload FATCA returns on ROS. Section 4.1 details uploading NIL FATCA return, Section 4.2 details uploading XML Data returns. XML Nil Returns may also be uploaded. Please refer to FATCA XML Schema (V2.0) and user guide available on: Agent Submitting Nil FATCA Return Agent logs on to ROS, search for Client using Client Search or Client List In the section marked Upload Form(s) Completed Off-Line, select FATCA from the dropdown list and click Upload Return. 35

36 The ROS upload screen is then presented to the user. If the user wishes to make an election under Regulation 6(2) of the Financial Accounts Reporting Regulations 2014, they should ensure that the check box at the top of the screen is selected. 4 This checkbox is also relevant for the selection of the Nil return option Tick election box if applicable. Click Submit Nil Return. 4 Further information on the relevant thresholds that can be applied in respect of FATCA are set out in the FATCA guidance notes 36

37 4.1.4 Information for the Nil return will be auto generated from registration as shown below. Select Address CountryCode from drop down list. (This is a mandatory field). Tick I wish to submit a nil-return based on the above details. Click Submit. 37

38 4.1.5 Enter ROS Password and click Sign & Submit Click Go to ROS to return to Client Services page. 38

39 4.1.7 The Agent will receive a new notification in the Client Revenue Record to confirm they have submitted a FATCA Nil Return. Click on the Notice Number for confirmation of the Nil Return submitted The following notice appears which the Agent may wish to print for their records. Click Close to return to Revenue Record. 39

40 4.2 Agent Submitting FATCA XML File 5 For efficient processing FATCA XML files should have a file size of 10MB per submission with a maximum file size of 30MB. A file size of greater than 30MB will be rejected by ROS Agent logs on to ROS, search for Client using Client Search or Client List In the section marked Upload Form(s) Completed Off-Line, select FATCA from the dropdown list and click Upload Return. 5 Further information on the FATCA Schema V 2.0 may be found at 40

41 The ROS upload screen is then presented to the user. If the user wishes to make an election under Regulation 6(2) of the Financial Accounts Reporting Regulations 2014, they should ensure that the check box at the top of the screen is selected. 6 This checkbox is also relevant for the selection of the Nil return option Tick election box if applicable. Click Add File, select file from computer storage. Enter ROS Password and click Upload File. 6 Further information on the relevant thresholds that can be applied in respect of FATCA are set out in the FATCA guidance notes 41

42 4.2.4 The following confirmation screen appears. Click Finished. The Agent is directed back to Client Services page ROS uses real time validation, files are validated at upload and are reflected on screen. Click Upload more files to select an XML file or Finished to return to Client Services. 42

43 4.2.6 The agent will receive a new notification in the Client Revenue Record to confirm the successful file submission. Click on the Notice Number for confirmation of the file upload. 43

44 4.2.7 The following notice appears which the Agent may wish to print for their records. Click Close to exit and return to Client Revenue Record screen ROS uses real time validation, files are validated at upload and are reflected on screen. Click Upload more files to select an XML file or Finished to return to My Services. 44

45 5. APPENDIX I ROS REGISTRATION & REPORTING ENTITY REGISTRATION 5.1 Register for ROS This step is only relevant if the Customer is not already registered for ROS. The Customer must register for ROS using the Tax Registration Number provided by Revenue. If the Customer does not have a Tax Registration Number but has a FATCA Reporting Obligation in Ireland please see Section 5.2 in order to obtain a Reporting Entity Number. Details on how to register for ROS are available on the Revenue website ( For queries relating to ROS please contact the Revenue ROS Technical Helpdesk: at roshelp@revenue.ie Telephone at , International customers may contact via the address above or call

46 5.2 Register as a Reporting Entity This is a Customer that is only being registered with Revenue in order to file Reporting Obligations (i.e. they have no tax liability in Ireland). If the Customer does not have a Tax Reference number and is not registered for ROS, but is obliged to fulfil a FATCA Reporting Obligation, the Customer must register with Revenue as a Reporting Entity. This process should not be confused with a Tax Registration. Where a Customer registers as a Reporting Entity, it will only be able to fulfil its FATCA Reporting Obligations, that is, it is not required to file tax returns e.g. Corporate Tax returns. In order to register as a Reporting Entity, the Customer must contact VIMA on or via at AEOI_technicalsupport@revenue.ie. The Customer will be issued with a Reporting Entity Registration Number, which will be in the format of 7 digits followed by 2 letters (e.g AA). 46

47 6. APPEXDIX II AGENT CREATING REPORTING ENTITY NUMBER 6.1 Creating a Reporting Entity as an Agent A Reporting Entity is created only in cases where the Customer has no tax liability in Ireland, but needs to register with Revenue in order to fulfil their Reporting Obligations. If the Customer does not have a Tax Reference Number and is not registered on ROS, but is obliged to register on ROS to fulfil a FATCA Reporting Obligation, the Agent must register the Customer with Revenue as a Reporting Entity. This process should not be confused with a Tax Registration. Where a Customer is registered as a Reporting Entity, the Customer will only be able to fulfil its FATCA Reporting obligations, that is, the Customer is not required to file tax returns e.g. Corporate Tax returns. Where a Client already has an Irish Tax Registration Number or Reporting Entity Number, this option should not be used as it will create duplicate filing obligations. When an Agent is registering a Customer as a Reporting Entity for FATCA Reporting purposes, it is possible for an Agent to register a FATCA Reporting Obligation at the same time. The process is set out in steps to below. For queries relating to ROS please contact the ROS Technical Helpdesk: at roshelp@revenue.ie Telephone at , International customers may contact via the address above or call For queries relating to registering a Reporting Obligation, please contact Revenue s VIMA (VIES, Intrastat and Mutual Assistance) office: at AEOI_technicalsupport@revenue.ie Telephone at

48 6.1.1 Log into ROS On the Agent Services tab, select Register New Reporting Customer on the bottom right-hand corner of the screen Select FATCA Reporting Obligation and click Next. 48

49 6.1.4 Enter the required details for the Customer. Click Next. 49

50 6.1.5 Enter the Registration date (i.e. current date) in the format DD/MM/YYYY. Enter Global Intermediary Identification Number (GIIN), click Next. 50

51 6.1.6 Select Generate Client Consent Letter. When the Generate Client Consent Letter button is selected, a pdf document is downloaded for completion. Download and save for editing. (This option is not mandatory; a standard Agent Link Notification Form may be uploaded at the next stage). Once completed, click Next. 51

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53 6.1.7 To upload the completed Agent Link Notification Form on ROS, click Choose file and locate the completed Agent Link Notification Form in the Agent network/drive. Select the box FATCA and click Add Attachment. ** Standard Agent link notification may also be uploaded** Click Sign and Submit. 53

54 6.1.9 The Agent will be redirected to the Sign & Submit screen. Enter the ROS Password and click Sign and Submit The Agent will receive a ROS Acknowledgement and a Notice Number, which the Agent may wish to print for its records. Click OK. 54

55 The Agent will receive a new notification in the Client Revenue Record to confirm a FATCA Reporting Entity registration. Click on the Notice Number for confirmation of the registration The following notice will appear which the Agent may wish to print for their records. AFTER COMPLETION OF PROCESS, THE AGENT SHOULD ALLOW UP TO 3 WORKING DAYS FOR THE FATCA REPORTING ENTITY TO BE REGISTERED. 55

56 7. APPENDIX III SETTING SUB-USER PERMISSIONS ON ROS This section details how to allow registration permissions on a ROS user sub certificate for FATCA Reporting Obligations. Instructions for creating new sub-users are available here: Please contact the ROS Technical Helpdesk if further assistance is required: at roshelp@revenue.ie Telephone at , International customers may contact via the address above or call ROS Administrator logs onto ROS. 7.2 Click on Admin Services. 56

57 7.3 Select the individual s Name and click Revise. 57

58 7.4 Select the Reporting Obligation and place tick under File. Ensure Reporting Obligation is selected to enable filing. 7.5 Select Yes under Submit Registration. Click Confirm. 58

59 7.6 The following screen confirms permissions. AFTER COMPLETION OF THIS PROCESS, THE CERTIFICATE SHOULD UPDATE INSTANTLY 59